December 31, 2013 | | | | | | | | | | |
(Millions) | Assets | | Liabilities |
Fair Value of Derivative Instruments | | Location | | Amount | | Location | | Amount |
Derivatives designated as hedging instruments | | | | | | |
Foreign currency forward/option contracts | | Other current assets | | $ | 24 | | Other current liabilities | | $ | 35 |
Commodity price swap contracts | | Other current assets | | | 1 | | Other current liabilities | | | ― |
Interest rate swap contracts | | Other assets | | | 8 | | Other liabilities | | | 7 |
Total derivatives designated as | | | | | | | | | | |
| hedging instruments | | | | $ | 33 | | | | $ | 42 |
| | | | | | | | | | | |
Derivatives not designated as hedging instruments | | | | | | | | |
Foreign currency forward/option contracts | | Other current assets | | $ | 51 | | Other current liabilities | | $ | 68 |
Total derivatives not designated as | | | | | | | | | | |
| hedging instruments | | | | $ | 51 | | | | $ | 68 |
| | | | | | | | | | | |
Total derivative instruments | | | | $ | 84 | | | | $ | 110 |
| | | | | | | | | | | |
December 31, 2012 | | | | | | | | | | |
(Millions) | Assets | | Liabilities |
Fair Value of Derivative Instruments | | Location | | Amount | | Location | | Amount |
Derivatives designated as hedging instruments | | | | | | |
Foreign currency forward/option contracts | | Other current assets | | $ | 39 | | Other current liabilities | | $ | 85 |
Commodity price swap contracts | | Other current assets | | | ― | | Other current liabilities | | | 1 |
Interest rate swap contracts | | Other assets | | | 23 | | Other liabilities | | | ― |
Total derivatives designated as | | | | | | | | | | |
| hedging instruments | | | | $ | 62 | | | | $ | 86 |
| | | | | | | | | | | |
Derivatives not designated as hedging instruments | | | | | | | | |
Foreign currency forward/option contracts | | Other current assets | | $ | 10 | | Other current liabilities | | $ | 20 |
Total derivatives not designated as | | | | | | | | | | |
| hedging instruments | | | | $ | 10 | | | | $ | 20 |
| | | | | | | | | | | |
Total derivative instruments | | | | $ | 72 | | | | $ | 106 |